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Bierbrauer, Felix; Netzer, Nick - 2012 - This version: August 2012

We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...

Persistent link: https://www.econbiz.de/10009743166

Mechanim design and intentions

Bierbrauer, Felix; Netzer, Nick - 2014 - Revised version, April 2014

We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...

Persistent link: https://www.econbiz.de/10010354632

A theory of simplicity in games and mechanism design

Pycia, Marek; Troyan, Peter - 2021

We introduce a general class of simplicity standards that vary the foresight abilities required of agents in extensive-form games. Rather than planning for the entire future of a game, agents are presumed to be able to plan only for those histories they view as simple from their current...

Persistent link: https://www.econbiz.de/10012584083

Pre-play communication with forgone costly messages : experimental evidence on forward induction

Blume, Andreas; Kriss, Peter H.; Weber, Roberto A. - 2014 - Revised version, September 2014

We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre … costs dramatically reduce message use, but efficient coordination of actions occurs with similar frequency to that observed …

Persistent link: https://www.econbiz.de/10010402605

Maintaining efficiency while integrating entrants from lower-performing groups : an experimental study

Salmon, Tim; Weber, Roberto A. - 2014 - Revised version, July 2014

production as a coordination game with Pareto-ranked equilibria. We initially create an efficient group and an inefficient one … restrictions in different ways to help understand why the institutions are effective in maintaining coordination. We find that both … restrictions work to maintain efficient coordination but they are effective for different reasons. …

Persistent link: https://www.econbiz.de/10010402616

Are women less effective leaders than men? : evidence from experiments using coordination games

Heursen, Lea; Ranehill, Eva; Weber, Roberto A. - 2020

at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less …

Persistent link: https://www.econbiz.de/10012318844

Finite blockchain games

Ewerhart, Christian - 2020

This paper studies the dynamic construction of a blockchain by competitive miners. In contrast to the literature, we assume a finite time horizon. It is shown that popular mining strategies such as adherence to conservative mining or to the longest-chain rule constitute pure-strategy Nash...

Persistent link: https://www.econbiz.de/10012249763

Rankings games

Frey, Bruno S.; Osterloh, Margit - 2011

Research rankings based on publications and citations today dominate governance of academia. Yet they have unintended side effects on individual scholars and academic institutions and can be counterproductive. They induce a substitution of the "taste for science" by a "taste for publication". We...

Persistent link: https://www.econbiz.de/10009739149

Tullock challenges : happiness, revolutions and democracy ; First tullock lecture: European Public Choice Conference, Rennes, 28 April - 1 May 2011

Frey, Bruno S. - 2011

Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical "Tullock Challenges". The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...

Persistent link: https://www.econbiz.de/10009739166

What makes voters turn out : the effects of polls and beliefs

Agranov, Marina; Goeree, Jacob K.; Romero, Julian; … - 2012

We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...

Persistent link: https://www.econbiz.de/10009740932